Policy Counsel/Consumers Union
Maybe you’ve seen ads for solar deals or you’ve seen solar panels pop up on rooftops around the neighborhood. You may be wondering, is a solar system right for me? Can it save me money? According to the U.S. Department of Energy, “Most solar electric systems last 30 years and pay for themselves in 4 to 5 years after tax credits and rebates. That means homeowners can enjoy free electricity for years.” But for an individual consumer, the answer is “it depends.” And saving money through solar depends primarily on three things: your home, your utility, and your contract. Here are a few tips to get the most out of a solar system.